OKADA CORPORATION Inc. [560A.T]
TOKYO, May 18 (Pulse News Wire) – OKADA CORPORATION Inc. (560A.T) announced today that its board of directors had resolved to sell three restaurant assets located in Mie Prefecture.
The sale includes kitchen equipment and interior fixtures related to the “Kyuukaku” restaurants in Tsu City, Matsusaka City, and Ise Hospital Front. The reasons for the asset transfer include optimizing management resources and streamlining unprofitable operations to strengthen the company's financial structure. Following negotiations with the undisclosed buyer, the company believes concentrating resources on growth and new ventures will enhance overall enterprise value. Details of the transaction show a transfer price of ¥13 million (excluding tax), with an estimated book value of ¥18 million.
The anticipated loss from the sale is approximately ¥5 million. The contract was finalized, and the assets are scheduled to be transferred on May 31, 2026. Upon completion of the handover, the company expects to receive the proceeds and assess the impact on its July 2026 consolidated earnings. Any necessary adjustments will be promptly disclosed.
🟢 Confidence: High AI-translated content.